Student Debt

To address student debt we need to move toward a point where we treat college loans like other loans. That is make them dischargeable in bankruptcy and stop Government from guaranteeing them. Then no one will lend students so much money, then colleges would reduce spending and lower tuition, then fewer marginal students would go to college, then culture will change and students would live 4 to a room (oh the horror).


Colleges could spend much less per student , some already do, and would if the money was not there.

In 2015–16, total expenses per full-time-equivalent (FTE) student were higher at private nonprofit 4-year postsecondary institutions ($56,401) than at public 4-year institutions ($44,009) and private for-profit 4-year institutions ($16,208).